The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, a move aimed at supporting small and marginal farmers amid rising input costs.
The new directive instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to Rs 2 lakh per borrower.
According to the agriculture ministry, the decision comes in response to the rising input costs and the need to improve credit accessibility for farmers. "This measure will significantly benefit over 86 per cent of farmers who are small and marginal landholders," the statement said.
Banks have been instructed to implement the guidelines swiftly and ensure widespread awareness about the new loan provisions.
The move is expected to facilitate easier access to Kisan Credit Card (KCC) loans and complement the government's Modified Interest Subvention Scheme, which offers loans up to Rs 3 lakh at a 4 per ce

RBI, Reserve Bank of India

Prime Minister Narendra Modi on Saturday proposed 11 resolutions which include upholding existing reservations for marginalised sections but  strongly opposing any religion-based quota.
Replying to a two-day debate in Lok Sabha on the 'Glorious Journey of 75 Years of  the Constitution of India', Modi said the Constituent Assembly had decided against religion-based reservations after a thorough discussion, and alleged the Congress is now promising it to appease its vote bank.
The 11 resolutions proposed by Modi towards the end of his over 110-minute speech also included a call for an end to dynastic politics, promoting meritocracy over nepotism in governance and a pledge for having zero tolerance to corruption.
The prime minister said these resolutions are aimed at shaping India's future.
But Congress leader Priyanka Gandhi Vadra and Samajwadi Party leader Akhilesh Yadav termed the 11 resolutions "hollow and fake promises."
"Today, we heard resolution of 11 'jumlas'. Doubling the .

Modi, Narendra Modi

The Bengaluru police arrested Nikita Singhania from Gurugram while her mother and brother were arrested from Prayagraj in Uttar Pradesh

Nikita Singhania arrest

Israel's recent ceasefire agreement in Lebanon has further damaged Hamas' prospects by curbing Hezbollah's direct support in Gaza and by extension that of Iran

Hezbollah, Israel Hamas, Palestine

The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices

Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE, Bull

The stock has rallied nearly 40% in one month as the company expects better volume in its two acquired entities in the coming quarters, with a sustained stable performance going forward

garment exports

The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

Places of Worship Act case: Supreme Court has given the central government four weeks to file its reply to the various pleas

Supreme Court, SC

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties.
He said that this year also India will be the world's fastest growing economy.
"We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect.
"But from what the initial numbers for this quarter, the third quarter show, the festive spending, the rebound in rural growth, the way banks are now seeing traction back again, the way infrastructure spending has come back on track, I think by the time we close the year in March, we will be back on track," Goyal said at Times Network's India Economic Conclave here.
The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him.
The latest government data showed ..

Piyush Goyal

The dynamism and contribution of India's vast youth is vital towards the country's development, green energy transition and achieving the sustainable development goals (SDG), Delhi's envoy to the United Nations said.
India's Permanent Representative to the UN Ambassador Parvathaneni Harish was addressing the 8th Annual 1M1B Activate Impact Summit, organised by the UN Department of Global Communications associated NGO 1M1B' (One Million for One Billion) with the support of the Civil Society Unit, DGC Thursday.
You, young people, are the future. You have to be closely working together not only to be part of the governance of the country, but also as part of our development pathways and enabling a green energy transition, meeting of Sustainable Development Goals, meeting the 2030 targets. In each one of these activities, your dynamism, your contribution is vital, Harish said.
In his keynote address at the summit, attended by Indian youth leaders from various fields as well as UN ...

Parvathaneni Harish, Parvathaneni

'Vijay Diwas' is celebrated on December 16 every year to commemorate the anniversary of the victory of the Indian Armed Forces in the 1971 Indo-Pak War

discussion was held in the presence of BJP National General Secretary and State In-charge Dushyant Kumar Gautam

Pushkar Singh Dhami,Pushkar Singh,Pushkar

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Contribution of India's youth vital to achieving SDGs: Ambassador P Harish

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RBI raises collateral-free agricultural loan limit to Rs 2L to aid farmers

Zero corruption, no to religion-based quota: PM outlines 11 resolutions

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